Market Risk Manager - XVA Coverage Team (Risk Management) : Job Level - Vice President
About The Position
The role will reside within the Firm Risk Management's Market Risk Department (MRD) which is a team dedicated to providing independent market risk oversight across the Morgan Stanley's trading and banking activities. The position is for an experienced Market Risk Manager working in the XVA Coverage team which oversees firm's CVA (Credit Valuation Adjustment), FVA (Funding Valuation Adjustment) and other related/emerging VAs on the firm's counterparty. The role requires sound risk judgment, deep product understanding, and the ability to engage credibly with senior Front Office stakeholders.
Requirements
- 5 Years + experience in a trading or a market/counterparty risk department is a plus
- Curiosity and self-motivation to develop expertise in financial products, markets, and risk management practices
- Ability to synthesize complex problems and conceptualize appropriate solutions
- Proactive with the ability to work as both part of a close-knit team and independently
- Strong IT skills are desired to facilitate data analysis, competence MS Excel, VBA, and SQL
- Excellent communication skills for written, graphical and verbal presentation, with high competency in PowerPoint
- Knowledge of market risk concepts like VaR and regulatory activities like CCAR is a plus
- Product expertise in Fixed Income and/or Equity products including derivatives is desired
Responsibilities
- Maintain on-going dialogue with trading desks and Front Office support groups regarding positioning, market developments, trading strategies, limit usage, and risk representation of new and/or exotic trades.
- Independently assess and monitor market risks through the review of portfolio risk sensitivities, Value-at-risk (VaR), stress scenario analysis and limit monitoring.
- Lead and drive initiatives within the XVA coverage area, including market risk modelling enhancements, development of stress tests, or regulatory initiatives (e.g. Fundamental Review of the Trading Book).
- Collaborate closely with colleagues from the global Market Risk Department and other support groups, including Model Risk Management Finance & Technology.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
